SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE: V), the exclusive payment technology partner at the Olympic
and Paralympic Games, today introduced three commercially available
wearable payment devices. In the spirit of the Olympic Winter Games,
Visa created NFC-enabled payment gloves, commemorative stickers and
Olympic pins that allow fans and athletes to complete seamless and
secure payments with a simple tap at any contactless-enabled terminal.

“We are looking forward to transforming the payment experience for
everyone who attends the upcoming Olympic Winter Games in PyeongChang,”
said Iain Jamieson, Korea country manager at Visa. “At Visa, we have
been working tirelessly to ensure all of the Olympic venues are equipped
with the very latest payment capabilities to provide the best experience
possible for all those on-site.”

Visa teamed up with Lotte Card, the financial arm of South Korean-based
retail giant, Lotte Department Store, to produce and make these new
prepaid payment wearables available for purchase in Korea beginning
November 9. About the products:

Payment-Enabled Gloves: The average temperature in PyeongChang
will be – 4.8°C1, so gloves will be a must-have! This
payment glove will offer fans a way to pay safely and securely without
having to get cold hands. The gloves contain a dual interface chip
housed with a contactless antenna capable of completing purchases
throughout official Olympic Venues and compatible readers globally.
The gloves will come with embedded prepaid amounts valued at KRW30,000
or KRW50,000.

Sticker: With a thin and flexible adhesive design and an
embedded dual interface NFC-chip and antenna, these micro-tags can be
attached to almost anything to make seamless payments in a moment’s
notice. The wearable sticker is available in denominations of
KRW30,000, KRW50,000, KRW100,000 and KRW200,000. The collection
includes 8 distinct designs including Soohorang – the official
PyeongChang 2018 mascot – the Korean flag, and much more.

“It is important to me, as a Winter Olympian, to work with a brand like
Visa that not only supports a diverse group of athletes, but also
enables an enhanced fan experience for those at the Games,” said Mikaela
Shiffrin, USA Olympic gold medalist and Team Visa athlete. “Olympic pins
are always the most coveted collectibles, these Visa pins really up the
ante.”

Starting November 9, the stickers and pins can be purchased from Lotte
Card’s customer centers in Korea and the Lotte Card website. During the
Games, all three wearables will also be available for purchase at the
Olympic Superstores in conveniently located Visa vending machines.

“Growing up in South Korea, I am proud that my home country is hosting
the Games, and is using this opportunity to introduce Visa payment
innovations to the rest of the world,” said Park, Seung-Hi, South Korean
Olympic Speed Skating and Team Visa athlete. “These payment gloves
provide a hassle-free way to pay, even when it’s cold!”

In addition to the wearables and as the exclusive payment partner of the
Olympic Games, Visa is facilitating and managing the entire payment
system infrastructure and network throughout all venues within the
Games. This includes more than 1,000 contactless point-of-sale terminals
capable of accepting mobile and wearable payments.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our
mission is to connect the world through the most innovative, reliable
and secure payment network - enabling individuals, businesses and
economies to thrive. Our advanced global processing network, VisaNet,
provides secure and reliable payments around the world, and is capable
of handling more than 65,000 transaction messages a second. The
company’s relentless focus on innovation is a catalyst for the rapid
growth of connected commerce on any device, and a driving force behind
the dream of a cashless future for everyone, everywhere. As the world
moves from analog to digital, Visa is applying our brand, products,
people, network and scale to reshape the future of commerce. For more
information, visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and @VisaNews.